Finish S-Corp except for Sch L balance sheet. Bookkeeper has incorrect gain on vehicle that was sold so I email BK depr report & worksheet on the gain etc. Corrected both P&L plus BS and emailed to me. In depr report, prior depr is $67924 and current depr is $10542 so shouldnt the accum depr on BS be $78466?
P&L Also, all the BK did was reduce the gain from the vehicle sale from $4600 to $33 (yes the gain is correct, went over that several times even ran it past some other tax pros) and generated a correct BS and P&L yet the P&L went from $76K down to $61K? Wow.....but now comparing the before and after P&L, the BK added an entry called "Depr Exps" of $10542 so is this suppose to be current depr + prior depr?
P&L Also, all the BK did was reduce the gain from the vehicle sale from $4600 to $33 (yes the gain is correct, went over that several times even ran it past some other tax pros) and generated a correct BS and P&L yet the P&L went from $76K down to $61K? Wow.....but now comparing the before and after P&L, the BK added an entry called "Depr Exps" of $10542 so is this suppose to be current depr + prior depr?